One thought on “MIRAGES”

  • mike says:

    Yup, when you use numbers that don't include the inflationary impact of higher oil prices (oil is taken out of the bundle they use for this), looking good USA!

    http://bigpicture.typepad.com/comments/2008/08/are-you-measuri.html

    Best commenter, part I wish I wrote:
    ==
    the GDP price inflator doesn't account for price hikes in oil imports.

    are we experiencing inflation? yes. but it is a result of import price increases. domestically, thanks to crashing credit availability, i think we're actually experiencing something closer to a deflationary environment.
    ==

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